Difference between revisions of "Cost-benefit approach"
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==Definitions== | ==Definitions== | ||
According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | ||
| − | :[[Cost-benefit approach]]. Approach to decision-making and resource allocation based on a comparison of the expected benefits from attaining company goals and the expected costs. | + | :[[Cost-benefit approach]]. Approach to [[decision-making]] and resource allocation based on a comparison of the expected benefits from attaining company goals and the expected costs. |
[[Category: Accounting]][[Category:Articles]] | [[Category: Accounting]][[Category:Articles]] | ||
Revision as of 13:25, 18 July 2020
Cost-benefit approach is approach to decision-making and resource allocation based on a comparison of the expected benefits from attaining company goals and the expected costs.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Cost-benefit approach. Approach to decision-making and resource allocation based on a comparison of the expected benefits from attaining company goals and the expected costs.
